August 31, 2014 2:39 AM ET

Specialty Retail

Company Overview of Ascena Retail Group Inc.

Company Overview

Ascena Retail Group, Inc., through its subsidiaries, operates as a specialty retailer of apparel for women, and tween girls and boys. The company operates under the Justice, Lane Bryant, maurices, dressbarn, and Catherines segments. It offers apparel, accessories, footwear, intimates, and lifestyle products, such as bedroom furnishings and electronics. The company also provides intimate apparel, wear-to-work, and casual sportswear, accessories, select footwear, and social occasion apparel; and casual clothing and career wear. Its principal retail brands comprise Justice, Brothers, Lane Bryant, Cacique, Right Fit, Maurices, Studio Y, Dressbarn, Catherines, Maggie Barnes, Liz&Me, and Serenada....

30 Dunnigan Drive

Suffern, NY 10901

United States

Founded in 1962

14,000 Employees

Phone:

845-369-4500

Key Executives for Ascena Retail Group Inc.

Chief Executive Officer
Age: 55
Total Annual Compensation: $1.0M
Co-Founder and Chairman
Age: 88
Total Annual Compensation: $399.8K
Chief Financial Officer and Executive Vice President
Age: 50
Total Annual Compensation: $305.2K
Chief Operating Officer and Executive Vice President
Age: 61
Total Annual Compensation: $630.0K
Director
Age: 65
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

Ascena Retail Group Inc. Key Developments

dressbarn Opens Its Newest Location in Methuen

dressbarn announced the grand opening of its newest location in Methuen, bringing value-minded fashion adventures and smart style solutions to community shoppers. District Sales Leader Colleen Burtman of the new fashion retail store located at The Loop, 90 Pleasant Valley Street invites everyone to stop by to meet associates and see what's in store.

Ascena Retail Group, Inc. Announces New Shared Services Complex

Ascena Retail Group Inc. announced to celebrate new 880,000 SF shared services office complex and national distribution center on August 14, 2014 at 200 Heritage Drive in Pataskala, Ohio. The 120,000 square feet of office space will accommodate Ascena's Shared Services Associates who serve all five of Ascena's retail brands: Lane Bryant, Justice, maurices, dressbarn and Catherines in areas such as information technology, sourcing and centralized procurement. Additionally, the 760,000 SF distribution center will serve all of Ascena's retail brands, transitioning the final brand in early fall. The facility will be home to 850 associates. The new building features an onsite Café, Fitness Center, Coffee Bar and unique collaborative work spaces.

Ascena Retail Group, Inc. Management Changes

Ascena Retail Group Inc. announced that it has initiated a search process for a new Chief Financial Officer and that Dirk Montgomery, Executive Vice President and Chief Financial Officer since January of 2013, has accepted a position with a healthcare-related company based in Florida. Mr. Montgomery has agreed to remain through the end of the summer; additionally, Randy Pearce, a member of the company's Board of Directors, Chair of the Audit Committee, and former Chief Financial Officer of Regis Corporation from 1998 to 2011, will increase his involvement in the stewardship of the company's finance department during the transition.

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